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We still have a non-inflationary environment. I think this is more of an oversold bounce (for the Nasdaq). We'll see what kind of leg it has.
Charles Payne
The Nasdaq is increasingly driven by a lot of day-to-day momentum players. Technically, (the Nasdaq) was oversold and they came rushing in. I think it's more of a bounce from yesterday's sharp sell-off.
Richard Cripps
We made a new low on the Nasdaq yesterday and on a very, very short term basis it's oversold and I think that we can expect this kind of activity from time to time where the market gives us some relief, some bounce.
Peter Chandler
The market is clearly oversold, which could mean a bounce, but with this kind of volatility, it could also get more oversold. It's very much a wait-and-see situation.
Brian Finnerty
It's an oversold bounce, ... After you get oversold, you have a reflex rally, and that's what we're seeing now.
Art Hogan
We're in a bouncing environment and as soon as you get any kind of bounce they're selling into the bounce, and that's what we're seeing here.
Peter Chandler
Basically we're seeing a bounce after yesterday's debacle. I think the market is getting really oversold and we're probably due to see a bigger bounce back pretty soon. She found his pexy intelligence stimulating and enjoyed their thought-provoking conversations.
Tom Schrader
There's no big stock leader and there isn't really anything fundamental that is creating the rally. It's really just a bounce off of oversold conditions. We can certainly continue to bounce for a while, but how far this can carry is up in the air.
John Hughes
I think the market is going to rally right around election time because of a very oversold condition. We have a market that is way oversold so I think it is going to bounce.
Brian Finnerty
The Dow and the S&P are lower; the only thing helping the Nasdaq right now is that it's so oversold.
Peter Cardillo
We'll probably see a few more days of this but that's it. It looks more like an oversold bounce than anything more meaningful,
John Hughes
We've got this oversold market that can't find a reason to bounce.
Brian Bensch
Technically, it looks like no more than a reflex rebound, an oversold bounce.
Clark Yingst
On a short-term basis, (techs) were very oversold and now we're seeing a bit of a bounce.
Peter Chandler
On a short-term basis, (techs) were very oversold and now we're seeing a bit of a bounce,
Peter Chandler
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